Pepe Coin (PEPE) has been making waves in the crypto market, with a significant rally that has captured the attention of traders and investors. Over the past week, PEPE surged 16%, breaking past the 50-day Exponential Moving Average (EMA) and approaching a critical resistance level of $0.0000100. This surge, accompanied by a sharp 13% rise in just 24 hours, signals that PEPE could potentially erase a zero from its price.
Pepe Coin’s Bullish Momentum
Currently trading at $0.00000915, PEPE’s recent upward movement is a sign of strong bullish sentiment. The token’s price broke through the 50-day EMA, a major technical resistance point, indicating a possible bullish reversal. With the Relative Strength Index (RSI) climbing to 58 and the price action surpassing the upper Bollinger Band, analysts are anticipating further gains. If PEPE maintains this momentum, the recently breached resistance could turn into a new support zone, solidifying the trend’s strength.
Some experts are predicting a 100% surge in PEPE’s price, urging investors to accumulate while the token is still positioned for significant growth. As PEPE continues to outperform other meme coins, it’s become a hot topic for traders looking for high-reward opportunities.
Futures Market Shows Increased Interest
The futures market has also seen heightened activity, with PEPE futures open interest reaching $324 million, the highest since February 2025. This represents a dramatic increase from earlier in March, when open interest stood at just $166 million. The rise in open interest suggests that derivatives traders are becoming more engaged with PEPE, signaling strong market interest and potential for continued volatility.
Additionally, data from Nansen reveals that PEPE’s exchange reserves dropped by 0.73% over the past week, indicating that investors are pulling their holdings from exchanges. This is often a sign of long-term holding behavior, which reduces short-term selling pressure and could support continued price growth.
Next Resistance Levels and Technical Outlook
PEPE’s next key resistance is at $0.00001094. If the price surpasses this level, the next target could be $0.00001180, a level that previously acted as support. The rally began after PEPE hit a low of $0.000005895 on March 10, mirroring its August 2023 low. Since then, the price has steadily risen, fueled by strong technical indicators and growing investor confidence.
An additional technical pattern to watch is the formation of an inverse head and shoulders, a classic bullish reversal pattern. If PEPE moves above the $0.0000075 neckline, it could trigger a sharp price surge, with some analysts even predicting a potential 40x rally.
At the time of writing, PEPE is trading at $0.000008430, up 5.59% in the last 24 hours. Its 24-hour trading volume has skyrocketed by 96.50%, reaching $1 billion, while its market cap rose by 5.60%, now standing at $3.54 billion.
As the Pepe coin rally continues, all eyes are on whether PEPE can maintain this upward momentum and possibly erase a zero from its price, making it one of the most talked-about tokens in the meme coin space.
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